Trust Receipt (T/R)

This is a short-term loan in which Bank of China (Thai) Public Company Limited (BOCT) will make payment on behalf of the buyer/importer according to the payment order under the Letter of Credit (L/C) issued by the bank. 

Trust Receipts are a common form of financing provided by BOCT to importers. The customer is granted a revolving Trust Receipt facility after the bank assesses their credit standing and financial profile. The Trust Receipt limit has a fixed tenor and is usually used in conjunction with the import letter of credit limit.

BOCT provides financing to importers, who use the proceeds from the sale of the goods to pay off the loan.

Please refer to standard rates released by BOCT via: https://www.bankofchina.co.th/en-th/service/information/service-rates-and-tariffs/service-charges-for-import.html

1. Importers who are legally registered in Thailand.
2. Importers who maintain a current account with our bank.
3. Importers who have been granted a trust receipt facility by our bank.

1. Trust Receipt application
2. Bill of Exchange

1. Customer must open an account with BOCT and has a Trust Receipt credit facility before processing Trust Receipt (T/R).
2. The customer signs a Loan Agreement with BOCT.
3. When applying for trust receipts financing, the customer must submit a Trust Receipt application form, listing clearly the financing amount and relevant transaction information.
4. BOCT releases the relevant transport documents (including Bills of Lading) to the customer.
5. The customer must pay off the loan when the trust receipt falls due.